UK Parliament / Open data

Finance Bill

Report stage second day. New clause 14 debated and withdrawn. Amendment to clause 82 negatived on division (236 to 291), and government amendments made. Government new clause 9, discussed with new clauses 2, 3, 6, 8, 15, 16, 18 and 19, agreed to. New clause 8 negatived on division (261 to 309). New clause 15 negatived on division (265 to 307). Government amendments made to clauses 18, 19, 31, schedule 1 and schedule 17. New clause 17 not called. Sitting suspended for certification of the bill. Speaker announced his certification and a consent motion was moved. House resolved itself into the Legislative Grand Committee (England, Wales and Northern Ireland). Committee reported their consent to the certified clauses and schedule of the Bill. Third reading agreed to on division (303 to 250). Bill passed.

About these Parliamentary proceedings

Reference

614 cc217-296 

Session

2016-17

Chamber / Committee

House of Commons chamber
Finance Bill 2015-16 to 2016-17. As amended in Committee and Public Bill Committee.
Thursday, 7 July 2016
Bills
House of Commons
Finance Bill
Tuesday, 6 September 2016
Formal proceedings
House of Commons

Proceeding contributions

Rebecca Long Bailey | 614 c218 (Link to this contribution)

I beg to move, That the clause be read a Second time.

John Bercow | 614 c218 (Link to this contribution)

With this it will be convenient to discuss the following:

Amendment 174, page 167, line 40,...


Show all contributions (84)
Rebecca Long Bailey | 614 cc218-9 (Link to this contribution)

I shall speak to new clause 14 and amendments 174 to 176. Amendment 174 would remove clause 82 fr...

Jonathan Edwards | 614 c219 (Link to this contribution)

The hon. Lady makes a compelling case. One of the major challenges we face in the UK is geographi...

Rebecca Long Bailey | 614 c219 (Link to this contribution)

I certainly do not think that it will address the issue that the hon. Gentleman raises—quite the ...

Robert Jenrick | 614 c219 (Link to this contribution)

Does the hon. Lady acknowledge that, even after this cut, CGT rates in this country will still be...

Rebecca Long Bailey | 614 cc219-221 (Link to this contribution)

I note the hon. Gentleman’s point and thank him for making it.

If I could see some real ben...

Rishi Sunak | 614 cc220-3 (Link to this contribution)

I know that when I mention the word “investor” in this House, some Opposition Members get a littl...

Kirsty Blackman | 614 c223 (Link to this contribution)

I want to speak to the Labour party’s new clause 14 and amendment 174, which, as has been ably po...

Mark Field | 614 cc223-4 (Link to this contribution)

It is important, particularly in relation to entrepreneurial relief, to point out that the last t...

Kirsty Blackman | 614 cc224-5 (Link to this contribution)

To be fair, the new clause does not ask the Treasury to come back in such a short time; it asks f...

Mark Field | 614 c225 (Link to this contribution)

I appreciate that my constituency is hardly typical as far as these matters are concerned —nor, i...

Kirsty Blackman | 614 c225 (Link to this contribution)

The right hon. Gentleman makes a good point. Perhaps we need to think about having differential p...

Kirsty Blackman | 614 cc225-6 (Link to this contribution)

I will not take another intervention; I am sorry. I just want to mention briefly the Prime Minist...

Mark Field | 614 c226 (Link to this contribution)

I will speak briefly in favour of amendment 151 on carried interest. In my time as a Member of Pa...

Rob Marris | 614 c226 (Link to this contribution)

Has the OECD not recommended that all carried interest should be treated as income?

Mark Field | 614 cc226-7 (Link to this contribution)

It has, but there is a distinction between different elements of carried interest, and we are try...

Rob Marris | 614 c227 (Link to this contribution)

I entirely echo the right hon. Gentleman’s comments about simplification. I may attempt to catch ...

Mark Field | 614 cc227-8 (Link to this contribution)

Obviously, the hon. Gentleman does not know me, or indeed the Minister, well enough to know that ...

Seema Malhotra | 614 c228 (Link to this contribution)

The right hon. Gentleman is making some very important points about simplification and its impact...

Mark Field | 614 c228 (Link to this contribution)

I am sure there is a lot of truth in that. I was a businessman before I entered the House. It was...

Seema Malhotra | 614 cc228-230 (Link to this contribution)

I am grateful for the opportunity to speak in this debate, which was opened by my hon. Friend the...

Rob Marris | 614 c229 (Link to this contribution)

Does my hon. Friend agree that of all those reliefs, the biggest scandal is tax relief on pension...

Seema Malhotra | 614 cc229-231 (Link to this contribution)

My hon. Friend makes an important point. The conundrum of how we fund, finance and incentivise pe...

Jane Ellison | 614 cc231-2 (Link to this contribution)

I will start by outlining the Government amendments in the group before responding to some of the...

Rob Marris | 614 c232 (Link to this contribution)

The Minister says that the measures will drive investment. What evidence is there for that?

Jane Ellison | 614 cc232-4 (Link to this contribution)

That point has been made repeatedly. Contributions from those critical of the policy often miss t...

Rebecca Long Bailey | 614 c234 (Link to this contribution)

I beg to ask leave to withdraw the clause.

Clause, by leave, withdrawn.

Jane Ellison | 614 c239 (Link to this contribution)

I beg to move, That the clause be read a Second time.

Baroness Laing of Elderslie | 614 c239 (Link to this contribution)

With this it will be convenient to discuss the following:

Jane Ellison | 614 cc242-3 (Link to this contribution)

In this final debate, there is an array of amendments and new clauses to consider across a wide r...

John Redwood | 614 c243 (Link to this contribution)

Will the Minister confirm that, now we are leaving the EU, we would have no intention of raising ...

Jane Ellison | 614 cc243-4 (Link to this contribution)

As the Secretary of State for Exiting the EU said yesterday in his responses to the lengthy state...

Lord Tyrie | 614 c244 (Link to this contribution)

I am grateful to the Minister for what she has said about the proposals. I am pleased that it has...

Jane Ellison | 614 c245 (Link to this contribution)

I thank the Chairman of the Treasury Committee for his indication of support for these arrangemen...

Jonathan Edwards | 614 c245 (Link to this contribution)

If the United Kingdom opts for non-membership of the single market following Brexit, the UK Gover...

Jane Ellison | 614 c246 (Link to this contribution)

As a number of Ministers have made clear in the House, we need to consider a huge range of issues...

Kirsty Blackman | 614 c246 (Link to this contribution)

When does the Minister think the autumn statement will be delivered?

Jane Ellison | 614 c246 (Link to this contribution)

The Chancellor will make that clear in due course.

Lord Tyrie | 614 c246 (Link to this contribution)

As the Minister knows, the issue of distributional analysis is of great importance to the Committ...

Jane Ellison | 614 c247 (Link to this contribution)

Treasury Ministers and the Chancellor take points made by my right hon. Friend and his Committee ...

Philip Boswell | 614 c247 (Link to this contribution)

I thank the Minister for giving way. She is being most generous.

Yesterday, in an intervent...

Jane Ellison | 614 c247 (Link to this contribution)

As I have said, the date will be confirmed in due course, but I think it reasonable to assume tha...

Rob Marris | 614 cc247-251 (Link to this contribution)

I am disappointed by the Minister’s concluding remarks on amendment 141, which is in my name and ...

Kirsty Blackman | 614 c251 (Link to this contribution)

In the absence of the Government showing any willingness to take the bull by the horns on tax sim...

Rob Marris | 614 c251 (Link to this contribution)

I quite agree with the hon. Lady. Sadly, I am unlikely ever to be a Minister, but I am hoping tha...

John Redwood | 614 cc251-2 (Link to this contribution)

I had hoped to clear up my point in an earlier intervention on the Minister, but I fear that I wa...

Wes Streeting | 614 cc252-5 (Link to this contribution)

I rise to address amendments 180 to 182 and new clause 19, tabled in my name and those of my hon....

David Burrowes | 614 cc254-6 (Link to this contribution)

It is a pleasure to take part in this stage of our consideration of the Finance Bill. I was inter...

Rob Marris | 614 c256 (Link to this contribution)

I was a “remainer”, so at the risk of sounding like the right hon. Member for Wokingham (John Red...

David Burrowes | 614 c256 (Link to this contribution)

I welcome reluctant converts to the cause of Brexit, whenever they come. That is a silver lining ...

David Burrowes | 614 cc256-7 (Link to this contribution)

It has never seen an apple. The Minister intimated that the same is true of pears. We need to loo...

Lord Jackson of Peterborough | 614 c257 (Link to this contribution)

My hon. Friend pre-empts the point I wished to make, and is making a typically eloquent speech. F...

David Burrowes | 614 cc257-261 (Link to this contribution)

That is a welcome intervention. I welcome the Minister to her place, as she has wide experience i...

Kirsty Blackman | 614 c261 (Link to this contribution)

On that point, and particularly on the point about whether parents choose to stay at home or to w...

David Burrowes | 614 c262 (Link to this contribution)

The hon. Lady tempts me into a wider debate. If the Minister were to respond on this, she would c...

Philip Boswell | 614 cc262-3 (Link to this contribution)

There are several new clauses on which I intend to speak—most of them briefly—and the first is ne...

Steve McCabe | 614 c263 (Link to this contribution)

Does the hon. Gentleman agree that this would be a relatively cheap way of incentivising househol...

Philip Boswell | 614 c264 (Link to this contribution)

I thank the hon. Gentleman and agree wholeheartedly with his comments.

From cuts to solar s...

Kirsty Blackman | 614 c264 (Link to this contribution)

The Finance Bill was devised prior to the vote to leave the European Union. The measure under dis...

Philip Boswell | 614 cc264-6 (Link to this contribution)

I must admit that I have sympathy with all who have reservations about any position taken in this...

Fiona Bruce | 614 c266 (Link to this contribution)

I rise to support new clauses 2 and 3, the social justice arguments for which, in support of some...

Jonathan Reynolds | 614 cc266-8 (Link to this contribution)

I rise to support amendment 141, which is in my name and those of my hon. and right hon. Friends....

Michael Tomlinson | 614 c267 (Link to this contribution)

It is a great pleasure to follow the hon. Member for Stalybridge and Hyde (Jonathan Reynolds). I ...

Mark Durkan | 614 cc267-271 (Link to this contribution)

I have a couple of questions about Government new clause 9, which relates specifically to Norther...

Jim Shannon | 614 c271 (Link to this contribution)

I commend all hon. Members who have made very valuable contributions, in particular the hon. Memb...

Fiona Bruce | 614 c271 (Link to this contribution)

There is another imbalance in the system. I do not know whether the hon. Gentleman is aware that ...

Jim Shannon | 614 c272 (Link to this contribution)

I could not agree more and I would like to make a comment on that later. New clause 3 clearly out...

Fiona Bruce | 614 c272 (Link to this contribution)

Is the hon. Gentleman aware that the highest levels of marriage breakdown occur when children are...

Jim Shannon | 614 cc272-3 (Link to this contribution)

As always, the hon. Lady is wise in her interventions. I thank her for what she said, which under...

Rebecca Long Bailey | 614 cc273-6 (Link to this contribution)

I wish to speak to new clauses 15 and 19, and amendments 141 and 180 to 182, which were tabled in...

Jane Ellison | 614 cc276-8 (Link to this contribution)

The hon. Lady referred to the issues that we have debated this afternoon as a “rag-bag”, but I th...

Jonathan Reynolds | 614 c278 (Link to this contribution)

I thank the Minister for those comments. I have a small sense of frustration as I believe that ne...

Jane Ellison | 614 cc278-9 (Link to this contribution)

I thank the hon. Gentleman for that and look forward to our meeting.

Several Members spoke ...

John Bercow | 614 c290 (Link to this contribution)

Our consideration having been completed, I shall now suspend the House for no more than five minu...

John Bercow | 614 c290 (Link to this contribution)

I can now inform the House that I have completed certification of the Bill, as required by the St...

Steve Barclay | 614 cc290-1 (Link to this contribution)

indicated assent.

The House forthwith resolved itself into the Legislative Grand Committee ...

Natascha Engel | 614 c291 (Link to this contribution)

I remind the Committee that although all Members may speak in the debate, only Members representi...

Jane Ellison | 614 cc291-2 (Link to this contribution)

I beg to move, That the Bill be now read the Third time.

I remind the House just how import...

Roger Mullin | 614 c292 (Link to this contribution)

I pay tribute to the Financial Secretary for the way in which she has led the final stages of the...

John Redwood | 614 cc292-4 (Link to this contribution)

A great deal has happened politically since the March Budget and during the passage of the Financ...

Rebecca Long Bailey | 614 cc294-7 (Link to this contribution)

I thank the Minister and her Treasury colleagues, past and present, for their progress of the Bil...

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